Seagate Technology (STX-NYSE) posted earnings of $0.23 net and $0.39 non-GAAP and revenues of $3.0 Billion; estimates were $0.32 & $2.93 Billion.
For the March quarter, Seagate expects to report revenue of $2.9-3.0 billion, and diluted earnings per share of $0.56-0.60; estimates are $0.54 EPS and revenues $2.9 Billion.
For fiscal year 2007,(excluding acquisition related costs but including Maxtor’s operating results) Seagate expects $11.5-11.7 billion in revenue and $1.70-1.75 for Non-GAAP diluted earnings per share; estimates were $11.5 Billion revenues and $1.67 estimated.
Shares are halted on Seagate, but its closest competitor is Western Digital (WDC), and its shares are up 2.5% at $20.40 after the STX earnings and after closing down 0.7% at $19.90.
Jon C. Ogg
January 23, 2007
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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